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Investors Gained N323.98bn as NGXASI Advanced by 0.58%; BDC Rate Appreciated to N1,477/USD

Jun 10, 2024   •   by   •   Source: Proshare   •   eye-icon 296 views

Snapshot


 

1. EQUITIES MARKET 

1.1 NGX  Listed Equities

 

The domestic bourse extended Friday’s gain to start the week on a positive note due to appreciation in prices of FLOURMILL (+10.00%), TOTAL (+9.98%), JBERGER (+9.15%), TRANSCOHOT (+5.48%), ZENITHBANK (+4.66%), NB (+2.38%), SEPLAT (+2.24%), ETI (+1.89%), STANBIC (+0.57%) and GTCO (+0.13%).

 

Thus, the All-Share Index (NGXASI) rose 0.58% at 99,793.71 points, from Friday’s gain of 0.09% at 99,221.14 points. As such, investors gained N323.98bn as Market Capitalisation increased to N56.45trn, and year-to-date return stood at 33.46%

 

The total volume traded advanced by 148.33% to close at N963.54m, valued at N13.50bn and traded in 8,657 deals. FIDELITYBK was the most traded stock by volume and value, with N605.26m and N6.03bn units traded, respectively.

 

The Gote and Samad indices stayed flat at 346.07 and 364.34 points, respectively, while the Toni Index posted a gain of 1.85% to close at 1,248.36 points.

 

As measured by the market breadth index (MBI), investors’ sentiment remained positive at 0.24x with 30 gainers against 10 losers, while 82 equities were unchanged. FLOURMILL topped the gainers’ list, while ETRANZACT topped the losers’ list.      

 

Volume and Value Contribution

FIDELITYBK had the highest volume, contributing 62.82%, while ACCESSCORP and NB followed closely.  

 

The value chart shows that FIDELITYBK contributed the most, with a 44.64% share. ACCESSCORP and NB  followed closely behind. 

 

NGX Corporate News

No Corporate News was released on NGX today.

 

For an analysis of the NGX NGX-listed equities, click here. 

 

NASD Earnings Summary

No Financial statement was released on the NASD OTC Exchange today.

 

NASD Corporate News

No Corporate News was released on the NASD OTC Exchange today.

For an Analysis of the Unlisted Equities, click here.

 

1.2 NASD OTC Exchange - Unlisted Equities

The NASD Securities Index bounced back from a four-session loss, gaining 0.10% at 1,487.64 points, an increase from Friday’s close of 1,486.12 points. 

 

The total volume traded advanced by 92.39% to close at N610,967 units valued at N163.82m, traded in 46 deal(s). 

 

At the close of trading, the NASD OTC market recorded three (3) gainers and two (2) losers. 

 

1.3 Global Indices

The global stock indices performed negatively today, with Switzerland’s Swiss market and France’s CAC at the top of the chart. For more updates on the Global scene, click here.

 

1.4 African Indices

The prices in the African market are relatively favourable today. For the latest data and updates, please kindly click here.

 

 

2. BONDS AND FIXED-INCOME MARKETS

 

2.1 Debt Market Size

The Debt Market Size was unavailable at the time of finalizing this report.

 

2.2 Overnight and Open Repo (OPR)

The Overnight and Open repos are currently unavailable when finalising this report.

 

3. COMMODITIES MARKET

 

3.1 AFEX Indices

The AFEX ACI and AEI were unavailable when finalising this report. Data on AFEX Indices can be accessed here.

 

3.2 AFEX Commodity Prices

At the  Afex Commodity market prices today. Sorghum advanced by 5.71%  to 740.00, while Cashew declined by 8.30%  to 1,146.19. Click here to access more data on AFEX commodity prices.

 

3.3 Global Commodity Prices 

At 2:15 PM GMT, Gold and Silver advanced by 0.53% and 0.96%. Brent and  WTI grew by 0.98% and 1.14%, respectively,  in the energy market. Click here to access more data on Global commodity prices.

 

 

4. CURRENCY/ FX MARKET

The NAFEX rate appreciated by 0.21% from N1,484.37/USD to N1,481.32/USD, and the BDC rate also appreciated by 0.34% from N1,482/USD to N1,477/USD. For updates on the Nigerian FX Market, kindly click here.



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